{"id":145601,"date":"2023-11-16T12:30:57","date_gmt":"2023-11-16T12:30:57","guid":{"rendered":"https:\/?p=145601"},"modified":"2023-11-17T11:42:37","modified_gmt":"2023-11-17T11:42:37","slug":"copa-reports-third-quarter-net-income-of-us187-4-million","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/11\/copa-reports-third-quarter-net-income-of-us187-4-million.html","title":{"rendered":"Copa reports third quarter net income of US$187.4 million"},"content":{"rendered":"

Copa Holdings<\/strong>, parent company of Copa Airlines, reported Wednesday a net income of US$187.4 million in the third quarter of 2023, a 61% increase over the same period last year.<\/p>\n

The company reported operating income of US$205.0 million and an operating margin of 23.6% for the quarter, compared to US$143.7 million and 17.8% in the third quarter of 2022.<\/p>\n

Passenger traffic, measured in terms of passenger-miles (RPM), increased 13.3% year-over-year, while capacity measured in available seat-miles (ASM) increased 12.1%. As a result, the occupancy factor for the quarter increased 0.9 percentage points to 87.8%, compared to the same period last year.<\/p>\n

Total revenues increased 7.2% to $867.7 million, driven by higher capacity and occupancy factors, while yields decreased 5.0% to 13.4 cents.<\/p>\n

\u2192 Copa Airlines to increase flights to 38 destinations<\/a><\/strong><\/em><\/p>\n

The company ended the quarter with approximately US$1.2 billion in cash, short- and long-term investments, representing 34.0% of revenues for the last twelve months.<\/p>\n

In September, Copa Holdings completed the previously announced redemption of its 4.50% convertible senior notes due 2025.<\/p>\n

The company closed the quarter with total debt, including capital lease liabilities, of US$1.7 billion.<\/p>\n

During the quarter, Copa took delivery of two Boeing 737 MAX 9 aircraft, bringing its consolidated fleet to 103 aircraft – 67 Boeing 737-800s, 26 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter.<\/p>\n

In November, it took delivery of two Boeing 737 MAX 9 aircraft and expects to take delivery of an additional aircraft during the remainder of 2023, ending the year with 106 aircraft.<\/p>\n

Copa Airlines had an on-time performance for the quarter of 89.4% and a flight completion factor of 99.8%, once again ranking among the best in the industry.<\/p>\n

In October, the airline began service to Barquisimeto, Venezuela, bringing the total number of destinations in its network to 81, maintaining its position as the hub with the most non-stop international destinations in Latin America.<\/p>\n","protected":false},"excerpt":{"rendered":"Copa Holdings, parent company of Copa Airlines, reported Wednesday a net income of US$187.4 million in the third…\n","protected":false},"author":4316,"featured_media":123659,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,261,247],"class_list":{"0":"post-145601","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-copa-airlines-2","11":"tag-panama-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/03\/Copa-Airlines-Boeing-737-1.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Copa Holdings, parent company of Copa Airlines, reported Wednesday a net income of US$187.4 million in the third…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=145601"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145601\/revisions"}],"predecessor-version":[{"id":145602,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145601\/revisions\/145602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/123659"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=145601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=145601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=145601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}